Ink Business Premier Credit Card review: Generous welcome bonus and free employee cards

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Business owners who want to maximize cash-back rewards on business expenses should consider the Ink Business Premier® Credit Card. This card offers a generous welcome bonus and unlimited 2% cash on every purchase, including on free employee cards, without needing to activate offers or remember bonus categories. Plus, when you make larger purchases of $5,000 or more, those transactions earn 2.5% cash back. Rewards never expire and can be redeemed for cash back, travel, gift cards, and more.

Welcome offer Earn $1,000 bonus cash back after you spend $10,000 in the first 3 months

Rewards rate 5% cash back on Chase Travel℠ 2.5% cash back on every purchase of $5,000 or more 2% cash back on all other business purchases

2.5% cash back on every purchase of $5,000 or more

2% cash back on all other business purchases

Benefits Two ways to access your credit line – Pay in Full and Flex for Business Your Flex for Business balance can be paid over time with interest *All information about the Ink Business Premier Credit Card has been collected independently by and is no longer available through Yahoo Finance.

Two ways to access your credit line – Pay in Full and Flex for Business

Your Flex for Business balance can be paid over time with interest

*All information about the Ink Business Premier Credit Card has been collected independently by and is no longer available through Yahoo Finance.

In addition to cash-back rewards, the Ink Business Premier includes other benefits that help justify the card's annual fee. These benefits include protection for your rental cars, cell phone, and purchases.

Primary rental car coverage . When you pay with your Ink Business Premier, rental cars used for business purchases receive primary coverage against damage or theft.

Cell phone protection . Pay your monthly cell phone bill with this card to receive cell phone protection up to $1,000 per claim for damage or theft. This benefit covers all cell phones listed on your monthly cell phone bill, including the business owner and employees. There's a maximum of three claims allowed within a 12-month period, and each claim requires a $100 deductible.

Purchase protection . Your eligible new purchases are covered against damage or theft for the first 120 days after the purchase date. Claims have a limit of $10,000 per item and $50,000 per account.

Extended warranty protection . Eligible U.S. manufacturer warranties of three years or less receive an additional year of protection.

With the Ink Business Premier, you can earn cash-back rewards through spending, referrals, and more.

Chase rewards business owners who make large purchases by offering 2.5% cash back on purchases of $5,000 or more. This elevated cash back is a 25% bonus on the standard earning power of the Ink Business Premier.

This business cash-back credit card earns a flat 2% cash back on everyday purchases. Turn your business expenses into cash-back rewards without registering for limited-time promotions or having to remember bonus categories.

Add employee cards to earn cash back rewards on their purchases. There is no fee for adding employee cards, and you can set individual spending limits to control your risk.

You'll receive 5% cash back on Lyft rides for a limited time when you use the Ink Business Premier to pay. This promotion runs through March 2025.

When you refer another business, and their application gets approved, you'll receive 20,000 bonus points. There's a maximum of 200,000 bonus points allowed per year, which is equivalent to $2,000 in cash-back rewards. Cardholders with successful referrals may receive a Form 1099 each year for the value of the referral bonus.

The Ink Business Premier earns cash-back rewards that are tracked as points. For every 100 points, you'll receive $1 in cash back, gift cards, and more.

Use your points to receive a statement credit to reduce your balance or a direct deposit to your eligible U.S. checking or savings account. There are no minimum redemption amounts when redeeming points for cash back.

You can book flights, hotels, cruises, rental cars, and more through the Chase Travel℠ portal. There are no blackout dates or other restrictions for airfare booked through Chase Travel. As long as there's space available, you can redeem your points to pay for some or all of the reservations. Add your airline, hotel, and other loyalty program numbers to your reservation to potentially earn rewards on your trip.

Redeem points for gift cards from more than 150 retailers, restaurants, hotels, and other merchants. You can use the gift cards yourself or give them as gifts to family, friends, or anyone you choose.

Cardholders can use their points to pay for some or all of the cost of purchasing Apple products through the Apple Ultimate Rewards Store.

Unlike other Chase Ultimate Rewards points, you cannot transfer these points to the bank's airline and hotel transfer partners.

Your rewards do not expire as long as your account remains open and in good standing.

Who is the Ink Business Premier best for?

The Ink Business Premier is best for high-spending business owners who want to earn cash-back rewards. With an annual fee of $195, you'll need to spend $9,750 just to cover the annual fee with the card's 2% cash back rewards. While some purchases are eligible to be paid over time, not all of them are. As a pay-in-full card, you must also have the cash flow to pay off your monthly charges each statement period.

Earn up to 2.5% cash back on business purchases

No additional cost to add employee cards

Complimentary travel and purchase protections

High spending requirement to earn its welcome bonus

The annual fee may be hard to overcome for some businesses

No bonus categories to earn extra cash back

Pay-in-full cards must be paid in full each month

The Ink Business Premier is a Visa business credit card, so it can be used at all merchants that accept Visa cards. Visa is one of the most widely accepted credit cards in the U.S. and abroad, so there's a strong likelihood that you can use it anywhere credit cards are accepted.

How to make an Ink Business Premier payment

To pay your Ink Business Premier credit card, there are several payment options available.

Log into your account online at Chase.com

Make payments through the Chase mobile app ( Apple , Google )

Mail payments to Cardmember Services, P.O. Box 6294, Carol Stream, IL 60197-6294

Overnight payments to Chase Card Services, 201 N. Walnut Street, De1-0153, Wilmington, DE 19801

Western Union payments, use the Code City WALNUT

Ink Business Premier customer service info

Customer service is available by phone 24 hours a day, 7 days a week

While the Ink Business Premier offers an appealing flat cash-back rate and valuable benefits, it may not be the right choice for every business. Before applying, consider these alternatives to see if they're a better fit.

Welcome offer Earn $1,000 bonus cash back after spending $8,000 in the first 4 months

Introductory Purchases APR 0% Intro APR on Purchases for 12 Months

Ongoing Purchases APR 16.74% - 24.74% Variable

Recommended credit score Good, Excellent

Rewards rate 1.5% unlimited cash back on every business purchase

Benefits $0 annual fee Generous intro APR on purchases You won't be held responsible for unauthorized charges made with your card or account information

You won't be held responsible for unauthorized charges made with your card or account information

Why we like it : The Ink Business Unlimited is an ideal choice for business owners who want to stay with Chase but want a $0 annual fee. This no-annual-fee card earns an unlimited 1.5% cash back on all purchases and offers a generous into APR on purchases. The card also features similar travel and purchase protections as the Ink Business Premier and offers free employee cards with individual spending limits and reporting.

Welcome offer You may be eligible for as high as 200,000 Membership Rewards® Points after spending $15,000 on purchases within the first 3 months (welcome offers vary and you may not be eligible for an offer)

Ongoing Purchases APR 17.74% - 28.49% Variable

Rewards rate Earn 4X Membership Rewards® points on the top two eligible categories where your business spends the most each month from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap (terms apply). 3x Membership Rewards points on flights and prepaid hotels booked on AmexTravel.com or the Amex Travel App™ 1x Membership Rewards points on all other purchases

Earn 4X Membership Rewards® points on the top two eligible categories where your business spends the most each month from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap (terms apply).

3x Membership Rewards points on flights and prepaid hotels booked on AmexTravel.com or the Amex Travel App™

1x Membership Rewards points on all other purchases

Benefits Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx (through 10/01/2026), Grubhub, and Office Supply Stores for an annual savings of up to $240 (enrollment required) Enroll and get up to $300 in statement credits per calendar year on U.S. purchases of ChatGPT Business on the Business Gold Card (subject to auto-renewal) Get up to a $12.95 statement credit back each month after you pay for a monthly Walmart+ membership with your Business Gold Card (subject to auto-renewal; up to $12.95 plus applicable taxes on one membership fee)

Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx (through 10/01/2026), Grubhub, and Office Supply Stores for an annual savings of up to $240 (enrollment required)

Enroll and get up to $300 in statement credits per calendar year on U.S. purchases of ChatGPT Business on the Business Gold Card (subject to auto-renewal)

Get up to a $12.95 statement credit back each month after you pay for a monthly Walmart+ membership with your Business Gold Card (subject to auto-renewal; up to $12.95 plus applicable taxes on one membership fee)

Why we like it : Business owners who want to earn flexible points that can be transferred to travel loyalty programs will love the Amex Business Gold Card .

The Business Gold Card has a $375 annual fee, but it includes complimentary travel protections, and points can be redeemed in numerous ways, like statement credits, travel, and transfers to over 20 airline and hotel partners.

Welcome offer Earn $2,000 Cash Back once you spend $30,000 in the first 3 months. Earn an additional $2,000 cash bonus for every $500K spent during the first year

Rewards rate 5% unlimited cash back on hotels and rental cars booked through Capital One Business Travel 2% unlimited cash back on all other purchases (no limits or category restrictions)

5% unlimited cash back on hotels and rental cars booked through Capital One Business Travel

2% unlimited cash back on all other purchases (no limits or category restrictions)

Benefits Get your $150 annual fee refunded every year after spending at least $150,000 Your spending limit is flexible and adjusts based on factors such as your purchase, payment, and credit history You'll never be charged interest since your balance is due in full every month

Get your $150 annual fee refunded every year after spending at least $150,000

Your spending limit is flexible and adjusts based on factors such as your purchase, payment, and credit history

You'll never be charged interest since your balance is due in full every month

Why we like it : The Capital One Spark Cash Plus is another business credit card designed for big spenders. It earns an unlimited 2% cash back and offers a massive two-stage cash bonus for new cardholders. While it has a $150 annual fee, it is refunded when you spend $150,000 by the membership anniversary date (issued within two billing cycles). Employee cards earn rewards and can be added at no charge, and there are no foreign transaction fees. This card is also a pay-in-full card that must be paid off in full each month to avoid the 2.99% penalty on the unpaid balance.

Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.

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